What is the proceedit's Managed Broker Account (MBA50) Service providing?
The Managed Broker Account (MBA50) is a fully automated service that executes trading orders directly on your broker account by using the insights received from the Continuous Trading Insights (CTI) service by proceedit.
MBA50 ensures real-time order execution with no manual intervention. A seamless, hands-free solution for smarter trading.
This reduces the effort required from traders to handle orders received from the CTI Service. As an unattended service, the MBA50 removes daily dependencies of traders and eliminates the risk of errors or delays when placing manual orders in their broker accounts.
The MBA50 service operates on a profit-sharing model, where subscribers are charged 50% of the monthly profits generated from executing CTI Service orders. There are no fixed costs, setup is free of charge and when no profits are obtained, no charges are applied.
The MBA50 service currently operates with Interactive Brokers (IBKR). Support for additional brokers is planned in the next future.
There are no setup charges for the technical work and coaching required to create a broker margin account to pass the trader examination and to connect the MBA50 automated Service with the customer's broker account.
The startup process for the MBA50 service is carried out in three phases:
Setup: The service setup for subscribers includes support for creating the required broker margin account and configuring the connection and integration with our system.
Testing: This process is first carried out using a paper account (no real money involved). Dummy operations are executed for a minimum of one week and up to a maximum of one month to ensure the system runs smoothly.
Production: We start executing real trades once the MBA50 service subscriber has signed the contract authorizing us to trade on their account with real money, and given final approval to proceed.
For Interactive Brokers (IBKR), a minimum deposit of €3,000 is required to maintain an operational margin account. Other brokers may have different requirements.
To go to live production we do requiere a minimum account balance requirement of €5,000 to cover our fixed costs, however, considering the fixed commissions charged by brokers per transaction, we recommend a minimum trading balance of €10,000 for optimal cost efficiency.
In a way, the MBA50 service functions as an unattended "Money Maker Machine" for its subscribers, generating approximately 5% monthly yields* consistently, without any effort required form where you have to deduct our profit sharing.